Brokerages Set Toyota Motor Corporation (NYSE:TM) Price Target at $290.00

Toyota Motor Corporation (NYSE:TM) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $290.00.

TM has been the topic of several recent analyst reports. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Zacks Research cut shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Morgan Stanley started coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TM. Prime Capital Investment Advisors LLC raised its stake in Toyota Motor by 224.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock valued at $1,710,000 after buying an additional 5,527 shares during the period. Natixis Advisors LLC boosted its stake in shares of Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after acquiring an additional 66,695 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Toyota Motor during the 4th quarter worth approximately $1,651,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Toyota Motor by 35.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 35,340 shares of the company’s stock worth $7,565,000 after acquiring an additional 9,222 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Toyota Motor by 51.6% during the 4th quarter. Ritholtz Wealth Management now owns 17,977 shares of the company’s stock worth $3,848,000 after acquiring an additional 6,116 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Price Performance

NYSE:TM opened at $180.22 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The stock’s 50-day simple moving average is $178.98 and its 200 day simple moving average is $204.73. The company has a market cap of $234.89 billion, a P/E ratio of 9.20 and a beta of 0.58. Toyota Motor has a 52-week low of $166.10 and a 52-week high of $248.90.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The business had revenue of $76.81 billion for the quarter. As a group, sell-side analysts forecast that Toyota Motor will post 20.89 EPS for the current fiscal year.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.